First Asset CanBanc Split (TSX:CBU.PR.A.PFD) PB Ratio

: (As of Today)

View and export this data going back to . Start your Free Trial

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-23), First Asset CanBanc Split's share price is C$9.99. First Asset CanBanc Split's Book Value per Share for the fiscal year that ended in Dec. 2014 was C$0.00. Hence, First Asset CanBanc Split's PB Ratio of today is .

Good Sign:

First Asset CanBanc Split Corp stock P/B Ratio (=1.06) is close to 2-year low of 0.99

The historical rank and industry rank for First Asset CanBanc Split's PB Ratio or its related term are showing as below:

TSX:CBU.PR.A.PFD' s PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 0.89 Max: 1.11
Current: 1.06

During the past 6 years, First Asset CanBanc Split's highest PB Ratio was 1.11. The lowest was 0.69. And the median was 0.89.

TSX:CBU.PR.A.PFD's PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.92 vs TSX:CBU.PR.A.PFD: 1.06

During the past 12 months, First Asset CanBanc Split's average Book Value Per Share Growth Rate was 9.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 13.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of First Asset CanBanc Split was 13.90% per year. The lowest was 4.80% per year. And the median was 7.80% per year.

Back to Basics: PB Ratio

First Asset CanBanc Split PB Ratio Historical Data

The historical data trend for First Asset CanBanc Split's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Asset CanBanc Split Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

PB Ratio

First Asset CanBanc Split Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
PB Ratio								-	-	-	-	-

Competitive Comparison

For the Asset Management subindustry, First Asset CanBanc Split's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Asset CanBanc Split PB Ratio Distribution

For the Asset Management industry and Financial Services sector, First Asset CanBanc Split's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Asset CanBanc Split's PB Ratio falls into.

First Asset CanBanc Split PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

First Asset CanBanc Split's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (A: Dec. 2014)
	=	9.99	/
	=

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

First Asset CanBanc Split PB Ratio Related Terms

Thank you for viewing the detailed overview of First Asset CanBanc Split's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.firstasset.com

First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Headlines

No Headlines